Unity Bancorp in Clinton, N.J., raised $6.3 million from a rights offering.

The $932 million-asset company said it sold nearly 761,000 common shares in its 10-for-1 rights offering at a price of $8.30 a share. Unity said it actually collected $16 million from investors, adding that it will return the excess funds.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.